O'Reilly Automotive, Inc. (ORLY) Earnings Call Transcripts

O'Reilly Automotive, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, O'Reilly Automotive, Inc. (ORLY) reported a revenue increase to $4.1 billion, driven by a 6% rise in comparable store sales and a total sales growth of over 9%. Diluted earnings per share (EPS) grew by 10% year-over-year, reaching $4.50, with management maintaining full-year guidance for total revenues between $18.9 billion and $19.2 billion. The company raised its comparable store sales growth outlook for the second half of the year from 3-5% to 4-6%, reflecting strong performance in the first half and cautious optimism for the upcoming months.

Reported metrics

Guidance from management

Management raised its comparable store sales growth outlook for the second half of 2026 to 4-6% from the previous range of 3-5%. Total revenue guidance for 2026 remains between $18.9 billion and $19.2 billion.

What management said

Thank you, Matthew. We would like to conclude our call today by thanking the entire O'Reilly team for your continued dedication to our customers. I would like to thank everyone for joining our call today. I'd also like to remind everyone that we will be webcasting our Analyst Day on Thursday, September 17, beginning at 8:00 a.m. Eastern Time. Details will be available on our website, and we hope you'll be able to joi...

What analysts pressed on

Analysts expressed concerns about the potential impact of economic pressures on consumer behavior, particularly in the DIY segment. There were also questions regarding the sustainability of sales trends in the face of rising fuel prices and inflationary pressures affecting the broader industry.

Main topics on the call

• Comparable Store Sales Growth — O'Reilly achieved a 6% increase in comparable store sales for Q2 2026, surpassing expectations. Management noted, "Our comp growth of 6% surpassed our expectations, driven by solid results in both our professional and DI...
• Gross Margin Stability — The gross margin for Q2 was stable at 51.4%, unchanged from the previous year, with management maintaining full-year guidance of 51.5% to 52%. Brent Kirby stated, "We continue to see very stable solid gross margin perfor...
• SG&A Management — SG&A per store grew by 4.8%, but management expects this to moderate to 3.5% to 4% for the full year. Jeremy Fletcher mentioned, "We continue to expect our full year SG&A per store growth to be at or below 4%."
• Free Cash Flow Generation — Free cash flow for the first half of 2026 reached $1.5 billion, up from $904 million in the same period last year. Management reiterated guidance for full-year free cash flow of $1.8 billion to $2.1 billion.

Read the full O'Reilly Automotive, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 O'Reilly Automotive, Inc. earnings call transcripts on record, spanning February 6, 2020 to July 30, 2026. Based on this history, O'Reilly Automotive, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ORLY

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

40

First call

February 6, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly